SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 1999
MANPOWER INC.
(Exact name of registrant as specified in its charter)
Wisconsin 1-10686 39-1672779
(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
5301 North Ironwood Road
Milwaukee, Wisconsin 53217
(Address of principal executive offices)
Registrant's telephone number, including area code: (414) 961-1000
Item 5. Other Events.
On October 28, 1999, Manpower Inc. made available
certain operating unit results for the three and nine
month periods ended September 30, 1999 and 1998.
Item 7. Exhibits.
Exhibit No. Description
99.1 Operating Unit Results
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MANPOWER INC.
Date: October 28, 1999 /s/ Michael J. Van Handel
-------------------------------
Michael J. Van Handel
Senior Vice President - Chief Financial
Officer, Treasurer and Secretary
Exhibit 99.1
Manpower Inc.
Operating Unit Results
(in thousands)
3 Months Ended 9 Months Ended
September 30, September 30,
1999 1998 1999 1998
Revenues from services:
United States (a) $ 583,546 $ 558,466 $1,659,467 $1,596,038
France 1,045,172 1,030,525 2,766,531 2,652,598
United Kingdom 306,097 286,319 843,604 789,026
Other Europe 400,859 309,648 1,084,994 802,693
Other Countries 271,094 192,792 755,005 546,364
---------- ---------- ---------- ----------
$2,606,768 $2,377,750 $7,109,601 $6,386,719
=========== ========== ========== ==========
Other Unit Profit:
United States $ 22,493 $ 20,839 $ 56,834 $ 56,383
France 33,633 24,164 68,299 54,380
United Kingdom 13,103 14,149 27,441 27,133
Other Europe 19,872 18,462 41,813 31,889
Other Countries 4,455 3,735 12,115 16,353
---------- ---------- ---------- ----------
93,556 81,349 206,502 186,138
Other corporate
expenses (10,716) (10,640) (31,458) (33,731)
Non-recurring
expenses - - (28,000) -
Operating profit 82,840 70,709 147,044 152,407
Interest and other
expense (b) 7,106 4,162 16,993 11,658
---------- ---------- ---------- ----------
Earnings before taxes $ 75,734 $ 66,547 $ 130,051 $ 140,749
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Foot notes:
(a) Total system wide sales in the United States,
which includes sales of Company-owned branches and
franchises were $985,563 and $931,741 for the three
months ended September 30, 1999 and 1998, respectively,
and $2,766,480 and $2,657,941 for the nine months ended
September 30, 1999 and 1998, respectively.
(b) The components of interest and other expense (income) were:
Interest expense $ 4,921 $ 5,731 $ 12,693 $ 13,171
Interest income (1,665) (2,094) (5,729) (6,197)
Translation loss (gain) 72 617 985 3,024
Other 3,778 (92) 9,044 1,660
---------- ---------- ---------- ---------
$ 7,106 $ 4,162 $ 16,993 $ 11,658
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